Monetizing Public School Success
In the current fiscal climate, all government entities – schools most certainly included – are being asked to justify their costs. But given that they are typically measured by standardized test scores, graduation rates and other academic measures, how can schools show their cost-effectiveness?Economist Michael Walden has provided one example, conducting a study on the impact of the Virginia Beach City Public School System on the metropolitan Virginia Beach economy. And he recently shared the experiencein School Administrator (a publication of the American Association of School Administrators, AASA).
One thing I appreciated: The opening acknowledgement that while there is
